Corporate Governance Concerns Spill into Nonprofit World

Later this year, Congress is expected to consider legislation spelling out heightened corporate governance requirements for nonprofit organizations. With the potential additional regulation looming, many nonprofit boards are already taking steps to ensure better oversight of their operations and transparency with respect to their activities.

Where did this concern come from, and where is it headed? This article explores the best practice steps that nonprofit boards can take to ensure the vigorous and proactive oversight of the organizations for which they serve.